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via finance.yahoo.comTech & AI

Nvidia: Chinese clients to get 1% of $70B RTX chips ordered, Bloomberg reports

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Chinese artificial intelligence developers expect to receive just a fraction of the advanced chips ordered from NVIDIA Corp (NASDAQ:NVDA) over the coming months, Bloomberg reported on Wednesday. Still guessing which stocks will beat the market? Our AI portfolio…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishMuch lower expected chip deliveries to China could weigh on Nvidia's revenue outlook.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Alibaba, Tencent, Bytedance and other Chinese AI and cloud majors ordered about 6 million RTX Pro 5500 chips.
  2. 02The orders are worth about $70 billion, according to Bloomberg citing people familiar with the matter.
  3. 03They expect to receive only about 10,000 chips, or roughly 1%, within the next four months.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
NVIDIA CorporationNVDAStock206.69 USDMarket closedtoday +2.29%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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